RE:Selling ContinuesAnother money raise early '25? Cash 8/31 + raise Oct = $54MM, burning $25MM/Q(?). Price?
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BTW, update on those unsecured 12% WRLG.NT.U + bonus with basis $US1800 gold notes I was on about and trying to figure out a while back, they are priced in USD, and the trading units are 1/1000th of the original note but priced in hundred-lots. Also, the units are priced in USD even though TMX/TSX (and SH) doesn't show that, and they show total issue at 27,165 though it should be 27MM, and total $cap of all the notes/units at $CAN2.7MM though it should be $US27MM, so they couldn't figure it out either. So they're priced like bonds, per 100 units, making the bid $US95 and ask $US100 per 100 units, i.e. below par on the bid for a 12% yield + bonus. The bonus payment (for premium over $1800 gold) schedule wasn't defined but my impression is that it's payable on maturity when all the escrowed gold is sold at market, rather than quarterly like the interest. Each $US 1000 note of 1000 units represents 0.55~ oz of gold at $US1800.
Anyway, I got Investorline to add it to their trading list; they got the currency right, but don't define the lot measure clearly which should be $US95 bid per 100 units, a unit defined by 1/1000 of a note. Like a bond, which is priced in hundreds. SH and TMX show volume today at 50,000; that's really $US50,000 not $CAN5,000,000.
If you may find all that confusing, it is.
I won't be bothering you with this any more. At this point I'm no longer interested in them.
PS: If you are interested in them it may be best to talk to a broker on the phone just to make sure you're not spending 100X the money (in USD) you think you are with a click of the mouse.